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anaqvi1
New Member

can someone explain what form get from irs if you registered company but didn’t not make any money?

 
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2 Replies
BillM223
Employee Tax Expert

can someone explain what form get from irs if you registered company but didn’t not make any money?

You register the company with the state, not the IRS. You won't get any forms from the IRS until they become aware of your existence.

 

They will become aware of you when you get an EIN, and especially after you file your first return.

 

Whether or not you file a return is dependent on a number of facts: did you create an LLC, a corporation, or a partnership?

 

"Making money" is not a requirement for filing a tax return; did your company conduct any business?

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can someone explain what form get from irs if you registered company but didn’t not make any money?

If you create a business, you will file a tax return when the business is "ongoing" performing a trade or service.  You don't have to make money, you file when the business is actively engaged.  What form you file depends on the type of business.  We can't tell you more without a lot more details.

 

Some businesses need to be registered with your state, that depends on the type of business and state law.  The IRS doesn't get into whether you registered correctly, you need to file a return when the business is actively engaged in business activities, even if you didn't register yet. 

 

You may want to obtain a business tax number from the IRS called an EIN.  In some cases you must obtain an EIN, depending on what you do and how your business is formed.  Getting an EIN from the IRS is separate from any state requirements on registering the business. 

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